Orlando, FL -- (SBWIRE) -- 08/15/2013 -- Hot Stock Profits provides investors and traders with valuable trading tools and content as well as micro-cap stock alerts via eMail and text messages. To Join Our Text Message Alerts Service Just Text The Word Stocks To 555888 From Your Cell Phone. Our Focus Today Is On: Sirius XM Radio Inc(NASDAQ:SIRI), Zynga Inc(NASDAQ:ZNGA).
Sirius XM Radio Inc(NASDAQ:SIRI) shares decreased 1.05% to $3.76 in the previous trading session. Sirius XM Radio (NASDAQ: SIRI) and beIN SPORT announced on August 9 that beIN SPORT's live English-language play-by-play of the best soccer leagues in the world - including Spain'sLa Liga, Italy'sSerie A and France'sLigue 1 -- will be available to SiriusXM subscribers nationwide on SiriusXM's dedicated soccer channel, SiriusXM FC, channel 94, and other SiriusXM play-by-play channels.
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Additionally, the company on August 1 announced that, on September 3, 2013, it will redeem all of its outstanding 8.75% Senior Notes due 2015 (CUSIP Nos. 82967NAD0 and U82764AB4). As of August 1, 2013, $753,487,000 of the 8.75% Notes remains outstanding. SiriusXM intends to use the proceeds from the issuance of $600,000,000 aggregate principal amount of its 5.75% Notes due 2021 as well as cash on hand to fund the redemption.
Zynga Inc(NASDAQ:ZNGA) shares increased 2.06% to $2.97. The company on August 13 announced the departure of several senior executives, including Chief Operating Officer David Ko, as part of a management shake-up under new Chief Executive Don Mattrick. The house cleaning comes a little more than a month after Mattrick, a former Microsoft Corp executive, was named Zynga CEO on July 3 and tasked with turning around the struggling game maker.
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Additionally, the company on July 25 the social gaming company reported a second-quarter loss of $15.8 million, or 2 cents a share, compared with a loss of $22.8 million, or 3 cents a share. Revenue fell to $230.7 million from $332.5 million. On an adjusted basis, the company posted a loss of a penny a share. Analysts on average were expecting the social gaming company to report a loss of 3 cents a share on revenue of $227.2 million.
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